elrodkaitlynn elrodkaitlynn

19-02-2017
Mathematics

Answered

How long will it take for $4,500 to grow to $10,000 if it is invested in an account paying 3.25% interest per year compounded annually?

Verified Answer :

pencil339 pencil339

04-03-2017

The formula is:
10,000=4500(1.0325)^x
you just need to simplify this down and you should be set!

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